Kiaasa Retail Ltd
Incorporated in 2018, Kiaasa Retail Ltd
operates primarily in the women’s ethnic
wear segment, offering fashion-forward
apparels[1]
- Market Cap ₹ 50.4 Cr.
- Current Price ₹ 27.6
- High / Low ₹ 123 / 27.0
- Stock P/E 4.51
- Book Value ₹ 59.8
- Dividend Yield 0.00 %
- ROCE 16.1 %
- ROE 14.9 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.46 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 23.5%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 61.5 to 89.7 days.
- Working capital days have increased from 138 days to 209 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Textiles Textiles & Apparels Garments & Apparels
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 26 | 50 | 84 | 122 | 135 | |
| 25 | 45 | 75 | 105 | 111 | |
| Operating Profit | 2 | 5 | 9 | 16 | 23 |
| OPM % | 6% | 10% | 11% | 14% | 17% |
| 0 | 0 | 0 | 0 | 1 | |
| Interest | 0 | 1 | 2 | 3 | 6 |
| Depreciation | 0 | 1 | 1 | 1 | 3 |
| Profit before tax | 1 | 3 | 7 | 12 | 15 |
| Tax % | 3% | 29% | 26% | 26% | 26% |
| 1 | 2 | 5 | 9 | 11 | |
| EPS in Rs | 12.36 | 22.36 | 5.32 | 7.07 | 6.13 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 39% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 66% |
| TTM: | 24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 24% |
| Last Year: | 15% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.50 | 0.50 | 4 | 13 | 18 |
| Reserves | 0 | 2 | 8 | 28 | 91 |
| 16 | 21 | 16 | 29 | 85 | |
| 14 | 30 | 67 | 75 | 77 | |
| Total Liabilities | 30 | 54 | 95 | 144 | 271 |
| 1 | 1 | 9 | 24 | 25 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 29 | 53 | 87 | 120 | 245 | |
| Total Assets | 30 | 54 | 95 | 144 | 271 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| -13 | -3 | 11 | -12 | -76 | |
| -2 | -1 | -8 | -17 | -4 | |
| 14 | 5 | -3 | 30 | 108 | |
| Net Cash Flow | -0 | 1 | 0 | 1 | 27 |
| Free Cash Flow | -14 | -4 | 3 | -29 | -81 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -762% | -67% | 129% | -58% | -298% |
Ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 89 | 154 | 29 | 66 | 90 |
| Inventory Days | 442 | 290 | 371 | 376 | 660 |
| Days Payable | 336 | 338 | 341 | 211 | 166 |
| Cash Conversion Cycle | 195 | 106 | 59 | 231 | 584 |
| Working Capital Days | -62 | 27 | 72 | 131 | 209 |
| ROCE % | 22% | 34% | 31% | 16% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Mar 2027 (P) | Mar 2028 (P) | Mar 2029 (P) | Mar 2030 (P) | |
|---|---|---|---|---|---|---|---|---|---|
| Total Store Count (EBOs) count |
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| Average Selling Price (ASP) INR |
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| Repeat Purchase Rate % |
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| Same Store Sales Growth (SSSG) % |
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| Total Retail Area sq ft |
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Extracted by Screener AI
Documents
Announcements
-
IPO Fund Utilization Certificate For Quarter Ended 30Th September, 2026
- Submitted auditor certificate on IPO proceeds utilization for quarter ended 30 September 2026.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Kiaasa launches premium no-discount brand Virasat during Navratri, with phased rollout in select flagship stores.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Kiaasa Retail opens six exclusive stores in Uttar Pradesh, Rajasthan and Bihar, taking total stores above 126.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate under Regulation 74(5) of SEBI (Depositories & participants)Regulations, 2018 for the quarter ended 30th September, 2026
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Concalls
-
May 2026Transcript PPT
Business Overview:[1][2]
KRL is an ethnic wear affordable brand
for masses with many stores all over India.
The company is engaged in manufacturing, reselling, trading, exporting, importing, and selling (wholesale & retail) fashion accessories, garments, footwear, leather goods, wearing apparel, and dress materials.
It also operates as traders, fabricators, manufacturers, exporters, and importers
of clothing, readymade garments, jewellery, footwear, handbags, beauty products, and
other fashion & lifestyle accessories, etc.